2013: The year of the active ETF?

Active ETFs are still a relatively recent innovation despite that the first index exchange-traded fund was launched in 1990 in Canada and the first index ETF was launched in the U.S. in 1993. For investors, it’s important to separate the excitement about active ETFs as a new investment product class from the reality.
The first active ETF products launched in 2008, and at the end of the first quarter of 2013, there were 108 active ETFs and exchange-traded products listed globally with $17.8 billion in assets from 18 providers, listed on nine exchanges………………………………………..Full Article: Source